Strong profits now, but Air NZ sees headwinds rising

Greg Foran (middle) takes part in the CEO panel at the IATA AGM in Istanbul. (Image: BusinessDesk)

Wed, 07 Jun 2023

Air New Zealand is “adjusting the narrative” of its post-covid recovery, says chief executive Greg Foran, who believes the current period of strong profitability will give way to a period of intensifying cost pressures.The airline’s approach since the onset of covid had been in three phases: first, to survive covid, second, to revive, and third to thrive, said Foran in an interview with BusinessDesk at the International Air Transport Association (IATA) annual meeting in Istanbul.IATA issued new analysis at the meeting showing...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

CEO Index Free

Richard Taylor is BusinessDesk’s CEO of the year

Four top business leaders were awarded this evening.

Staff reporters 18 Nov 2025

CEO Index Free Private Company Winner

Richard Taylor projecting NZ's creative culture out to the world

The Wētā Workshop leader is hailed for his "deep impact" on NZ Inc.

Gill South 18 Nov 2025

Richard Taylor projecting NZ's creative culture out to the world

CEO Index Free Startup Winner

The zombie apocalypse is where NZ games maker PikPok thrives

Mario Wynands employs a team of 180 in Wellington and 55 in Medellin, Colombia.

Gill South 18 Nov 2025

The zombie apocalypse is where NZ games maker PikPok thrives

Sponsored

Cybersecurity skills gap leaving Kiwi businesses at risk - report

A cybersecurity skills shortage is creating additional cyber risks, according to a new global report.

Fortinet

Sponsored

Spark’s partner strategy sets the bar for innovation

Spark

More Markets

Markets Market Close

NZ sharemarket falls over 1%

The S&P/NZX 50 Index closed at 156.22 points, or down 1.16%.

Graham Skellern 18 Nov 2025

Markets

1,200 Air NZ flight attendants vote to take strike action

About 1,200 Air New Zealand cabin crew have voted to take strike action, the union says.The union said those who voted for strike action worked across international, domestic and regional routes and had been trying for months to get better pay and rosters.Michael Wood, director o...

Staff reporters 18 Nov 2025